One of the first things you will do when you set up a new business is to open a business bank account. The easy thing to do is to use your personal bankers to act for your new business, but this isn’t necessarily the wisest move as there are significant differences between the services you will receive from the various high street banks.
Continue…
One of the first things you will do when you set up a new business is to apply for a business bank account. Free business banking is something all business owners strive for, but what does “free” actually mean, and what should you look out for when opening a business account?
Continue…
If you’re starting out in business – either as a limited company, or as a sole trader or partnership, one of the first things you need to do is find the best business account to suit your needs. So what should you look out for when comparing business bank accounts?
Continue…
Most small company owners will expect to have access to business internet banking when they open a new bank account.
Continue…
In this piece, we look at the typical steps you will need to make to open a new business bank account.
Continue…
One of the first actions of many small businesses is to open a business current account. It’s absolutely essential you have one so your business can make and receive payments. However, many businesses don’t bother opening a business deposit account.
Continue…
This article looks at some of the key things you should look out for when choosing a business bank account, based on the experiences of the Bytestart team.
Continue…
Most individuals use the same bank for decades, if not for their lifetime. Many small businesses are the same and stick with their high street bank even if they are missing out on far higher interest rates and lower bank charges which are available elsewhere.
Continue…
Virtually every business bank account now comes with a set of handy online tools, which you can use to run your business more efficiently.
Continue…
When you’re running a small business you need to make every penny count, especially during an economic downturn. So the last thing you want to do is to pay over the odds for bank charges and fees on your business bank account. Here are some of the simplest steps you can take to reduce the cost of your business banking.
Continue…
One of the most frustrating things you will come up against as a small business owner are bank charges.
Unlike personal banking, where we are used to paying only to have an overdraft, most business bank accounts have to be paid for. And the charges seem to keep coming whether you’re doing well or badly. The more you pay in, the more they charge you; meanwhile when times are bad you are more likely to be penalised for dipping into the red!
Here are a few simple ways to help you stay on top of charges and reduce the impact on your business.
Continue…
Here’s an interesting challenge: in an age when you can run your business virtually 100 per cent electronically, can you do all of your banking without ever touching a piece of paper?
Continue…